The article focuses on the concept of place based development. Particulary, the author highlights how European Policies for 2014-2020, as regards structural funds, will affect functional macro-regions, leading a change in the multi-level governance for development and a strategic repositioning of the stakeholder of the territories into the local governance networks. This repositioning consists of the acquisition, by such stakeholder, of new skills useful to realize the transition from a sectorial policy development to a territorial policy development, as required at European level. There are a lot of resistance to this new development approach, especially on the part of local power élite who, traditionally, continue to be linked to particularistic interests, ignoring the political representation of territories.
Keywords: Place-based development, governance, stakeholder